In the new issue of Regulation, economist Pierre Lemieux argues that the recent oil price decline is at least partly the result of increased supply from the extraction of shale oil. The increased supply allows the economy to produce more goods, which benefits some people, if not all of them. Thus, contrary to some commentary in the press, cheaper oil prices cannot harm the economy as a whole.

Two long wars, chronic deficits, the financial crisis, the costly drug war, the growth of executive power under Presidents Bush and Obama, and the revelations about NSA abuses, have given rise to a growing libertarian movement in our country – with a greater focus on individual liberty and less government power. David Boaz’s newly released The Libertarian Mind is a comprehensive guide to the history, philosophy, and growth of the libertarian movement, with incisive analyses of today’s most pressing issues and policies.

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Members with Undisclosed Earmarks Will Still Get Their Goodies

The Hillreports that Members of Congress who failed to disclose their earmark requests as required by new rules in the House will still get their goodies.

Members who failed to disclose their earmarks as required by the April 4 deadline should have them rejected out of hand. But Congress makes the rules, and Congress can break the rules.

WashingtonWatch.com compiled a state-by-state list of links to earmark requests recently. Because Members of Congress published their requests in different formats, information about all the earmarks that have been requested is still rather obscure.